Investment in RI Expected to Grow 15 Percent This Year | News

Posted at Jul 22, 2011

Indonesia expects investment in the country to increase by 15 percent to Rp240 trillion this year. The Capital Coordinating Board (BKPM) in its press statement here on Tuesday said until the first quarter of this year investment had reached Rp53.6 trillion. The total consists of Rp14.1 trillion in domestic investment and Rp39.5 trillion in foreign investment projects, according to BKPM data. "Compared to the achievement in the same period last year it was an increase of 27.3 percent," BKPM chief Gita Wirjawan said. He said the positive trend was also recorded in the spread of projects to outside Java. He said in the first quarter of 2011 Rp23.7 trillion worth of investment projects were outside Java such as in South Sumatra (US$0.4 billion covering 22 projects), Papua (US$0.4 billion covering 9 projects) and West Kalimantan (US$0.3 billion covering 18 projects). The head of the Government Investment Center (PIP) in Bogor, Soritaon Siregar, said earlier PIP investment performance until the first semester this year rose by 67.4 percent compared with total achievement in 2010. Source: Antara News, 19 July 2011.